PSM, US Federal: Debt Management
Technical name of the business function |
|
Type of Business Function |
Enterprise Business Function |
Available as of |
SAP enhancement package 3 for SAP ERP 6.0 |
ECC software component |
EA-PS Public Services |
ECC application component |
PSM-FG — Functions for US Federal Government |
Business Intelligence content |
Not relevant |
SAP Enterprise Services |
Not relevant |
JAVA software component |
Not relevant |
Portal content |
Not relevant |
Additional content available in other SAP applications |
Not relevant |
Business function requiring activation in addition |
EA-PS Public Services |
You can use this business function to implement the improved functions required to satisfy the Debt Collection Act.
Prerequisites
You also carry out the Customizing steps accessed by choosing
Public Sector Management —> Functions for US Federal Government —> Debt Management
.
Features
The Business Function offers the following features:
New interactive program/posting routine: Calculate Fees for US Federal
The new fee-schedule program allows automated calculation and posting of interest and of penalty and administrative fees.
Application of payment ensures that incoming payments are applied to principal and fees according to federal regulations.
Itemized billing combines the principal document and all related fees in one letter to the customer.